1. The RealReal will lay off 230 employees, close stores - The Current
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The resale platform has struggled with profitability.
2. The RealReal CFO to step down - Retail Dive
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Still in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company.
3. Following deep cost-cutting, the RealReal outlines a path to ... - Glossy
Feb 28, 2023 · The RealReal has undertaken taken drastic restructuring measures in recent months – such as closing four stores and laying off hundreds of employees in ...
After months of cost-cutting, The RealReal is starting to inch closer to profitability. But its annual loss was still well into the nine figures, the company reported during its fourth quarter earnings call on Tuesday. After announcing layoffs and store closures, the luxury resale startup outlined the measures it's taking to stop quarterly losses.
4. The RealReal Announces Layoffs and Store Closures - Retail Bum
Feb 21, 2023 · The company is planning to let go roughly 7% of its workforce, equating to about 230 employees — a move that would cost the company $1.7 million ...
The RealReal is making deep cuts as the resale platform struggles to turn a profit. The company is planning to let go roughly 7% of its workforce, equating to…
5. In another step toward profitability, The RealReal winds down beauty ...
Mar 24, 2023 · The RealReal is scrambling to right its trajectory after struggling to achieve profitability for years. The luxury resale site may be at risk of bankruptcy.
Under a new CEO, the luxury resale site has been scrutinizing various aspects of its business and slashing expenses.
6. After founder's exit, The RealReal appoints CEO to lead turnaround
Jan 26, 2023 · Wainwright's departure came a few months after The RealReal — which went public in 2019 — revealed that its losses had widened to $236 million ...
The resale platform has found a new CEO, seven months after founder Julie Wainwright left the role. The focus now is on making its business model profitable.
7. Can The RealReal's aggressive cost-cutting help it reach profitability?
Feb 22, 2023 · A rep from The RealReal said the recent layoffs and store closures are meant to help bring the company closer to profitability but declined to ...
Resale company The RealReal has been in a rough spot. Last July, it announced an accelerate plan to reach profitability — which it has yet to achieve in its 12 years of existence, including in the four years since going public. Last week, in a cost-cutting effort, the company announced plans to cut 230 jobs, close four stores including two flagships and reduce its office space.
8. Luxury Brands Can't Ignore Fashion Reseller The RealReal Anymore
Aug 23, 2018 · One store is located in New York City's SoHo neighborhood and another just opened on Los Angeles' Melrose Avenue close to the Nordstrom Local ...
Long dismissed as an upstart of little consequence by the luxury establishment, The RealReal is proving it is on to something big. Gently used luxury fashion is a real trend and The RealReal has discovered the secret sauce.
9. The RealReal Champions Brick-and-Mortar Growth Over ...
Dec 9, 2020 · With permanent store closures rising countrywide, the digital native luxury goods consignor is expanding its physical retail footprint with new ...
The RealReal is betting big on brick-and-mortar stores, a former touchstone of retail that COVID-19 weakened, as e-commerce becomes a go-to destination for consumers.
10. The RealReal - San Francisco Photos - Yelp
193 reviews and 214 photos of THE REALREAL - SAN FRANCISCO - CLOSED "The past month after hearing about this app on my phone I have purchased about 10 items ...
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11. The RealReal expects 15% rise in Q1 GMV, announces job cuts and ...
Having already temporarily closed its stores and consignment offices and suspended in-person consignment appointments due to the pandemic, the company ...
The online marketplace announced its preliminary Q1 results on Tuesday, reporting an expected rise of 15% in GMV and revealing measures being implemented to deal with the effects of the ongoing Covid-19 crisis.
12. The RealReal opens a permanent store in NYC - Circle Visual Inc.
Nov 17, 2017 · Opening in New York on Friday (November 10th), the shop will feature over 400 new pieces every day, as well as valuation services, drinks and ...
The RealReal opens a permanent store in NYC and Circe Visual was on point to create custom displays for their jewelry and accessories. Check out the new store in Soho.
13. The RealReal to Lay Off, Furlough About 15% of its Workforce as ...
Apr 15, 2020 · Beyond closing its stores and at least one of its warehouses, The RealReal said that it is cutting 10 percent of its staff, furloughing 15 ...
How does a luxury resale entity – one that depends on consumers to not only purchase its wares but also to consign them in the first place – fare in light
14. The RealReal Logs Quarterly Losses of More Than $43 Million - Yahoo
Nov 9, 2020 · Like other retailers, The RealReal was forced to temporarily close physical locations in March to prevent the spread of the coronavirus. In ...
Company shares fell more than 10 percent in after-hours trading as a result.
15. Consumers Fleeing Cities Amid COVID-19 Had an Impact on The ...
Aug 11, 2020 · As for how resale is faring in light of the global health pandemic, The RealReal ... closure of its stores and luxury consignment offices for “the ...
With months-long store closures happening across the globe and drastic declines in spending on most non-essential items underway for no shortage of
